Roblox Corporation Earns IBD Rating Upgrade As IPO Attempts Rebound

On Thursday, Roblox Corporation (RBLX) got a positive adjustment to its Relative Strength (RS) Rating, from 70 to 73.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price behavior over the last 52 weeks holds up against all the other stocks in our database.

History shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if Roblox Corporation can continue to rebound and clear that threshold.

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Roblox Corporation is now considered extended and out of buy range after clearing a 79.20 buy point in a first-stage ipo base. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

While EPS growth dropped in the company’s most recent quarterly report from 0% to -71%, sales rose 140%, up from 110% in the previous report. Look for the next report on or around Jul. 28.

The company earns the No. 9 rank among its peers in the Computer Software-Gaming industry group. Activision Blizzard (ATVI) and (SOHU) are also among the group’s highest-rated stocks.


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